Today’s Editorial is all about gold!
With investor buying up the precious metal, gold futures hit a high of $1,442.90, up 9.6% this month.
Gold hit a six-year high on Tuesday and is on pace for the best monthly performance since February 2016.
You can access the report at the following link: … CNBC_062519KR
For intermediate- to longer-term investors, it might be propitious to take a position in a gold ETF before the seasonal strength for gold starts in July. Looking at the short-term for gold ETFs, the June break-down, particularly with the gap lower, suggests bearish tendencies. [more]
Economic uncertainty, falling corporate revenues & profits, governments printing enormous amounts of money, and potential corporate bonds & real estate defaults create the “Perfect Storm” for higher gold prices. [more]
London-based Endeavour Mining plans to buy Teranga Gold in an all-stock deal worth about $2.44B. With 12.8M ounces of gold resources, the transaction values Teranga at over US$191 per resource ounce. Egyptian billionaire Naguib Sawiris injects $200M million into the deal. [more]
Copyright © 2025 | MH Magazine WordPress Theme by MH Themes